Economics · Taxation
Andrew prepared accounts for the eight months to 31 March 2025 and elected to use the accruals basis. The tax written down value of the main pool on 1 August 2024 was £18,000. On 15 January 2025 he purchased a new car with zero CO2 emissions costing £12,260. It is used solely for business purposes by Andrew. What are the maximum capital allowances Andrew may claim for the eight-month period ended 31 March 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1£16,560
- 2£14,425
- 3£14,427
- 4£14,420✓
Correct answer
£14,420
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